The New Home Co. (NWHM) Tops Q1 EPS by 7c, Beat on Revenues, Maintains FY17 Guidance

The New Home Co. (NYSE: NWHM) reported Q1 EPS of $0.04, $0.07 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $125 million versus the consensus estimate of $91.58 million.

Guidance

The Company maintained its full year guidance for 2017 as follows:

• Home sales revenue of $530 - $570 million
• Fee building revenue of $130 - $150 million
• Income from unconsolidated joint ventures of $4 - $6 million
• Wholly owned active year-end community count of 18
• Joint venture active year-end community count of 8

First Quarter 2017 Highlights Compared to First Quarter 2016

• Net income of $0.8 million, or $0.04 per diluted share vs. a net loss of $0.8 million, or $(0.04) per diluted share
• Total revenues of $125.0 million vs. $85.2 million, a 47% increase
• Home sales revenue of $69.4 million, a 64% increase
• Net new home orders up 125%
• Backlog dollar value up 34% to $313.9 million, a record quarter-end value
• Wholly owned community count up 40% to 14 vs. 10

For earnings history and earnings-related data on The New Home Co. (NWHM) click here.

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